It was also the S&P’s 6th largest point gain ever, back above 900 after rallying 91 points. The Dow came back 899.35 points to inch above 9,000. NASDAQ was up over 9.5%, for its 4th largest one-day point gain ever. Here are the Big Media numbers:

2 Comments

We haven’t yet seen CDS or other derivatives out yet, we haven’t seen cramdowns or mark-to-market of garbage MBS paper, there’s an awful lot of junk out there yet to be worked through..

colinsmith • on Oct 28, 2008 2:10 pm

Buckle your seatbelts, ’cause it’s going to lose more than half of this gain by close of business tomorrow. I hate to be a pessimist, but the market is being driven by speculators at this point and most of them are going to take the money and run…